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Online Gambling Industry Growth In 2010
06/01/2011, Online casinos
H2 Gambling Capital, the respected UK online gambling monitor has published a report on the gross win in the internet gambling business, which grew by 12.5 percent in 2010. According to the online gambling monitor, the highest growth rate was represented by the online betting sector, which was up 10.8 percent to $12.1 billion, followed by the online bingo market that had an increase of 28.4 percent to $2.67 billion, and the online casino market with a growth rate of 13.3 percent to $2.67 billion. The online betting increase was aided by a huge world wide interest in football betting, thanks to the World Cup 2010. The online poker sector generated the slowest growth rate of all the product verticals. The 7.1 percent growth rate of the online poker market generated a gross win revenue of $5.6 billion. According to the H2 Gambling Capital, without the French and Italian poker liberalization, that recently opened their markets, the gross win revenue would have actually fallen. Also, the H2 Gambling Capital report mentions the positive regulatory changes in Belgium, Greece, Denmark and Spain, that would help the online gambling industry to maintain the double digit growth in the coming years. The mobile gambling is also likely to see a significant growth over the next few years. In April 2011, the online gambling monitor will release the results and projections for 2011 to 2015. H2 Gambling Company, located in the United Kingdom, started its business in 2000 and it is the supplier of data and consultancy regarding the gambling industry. The company has developed its own proprietary software of monitoring the online gambling market.
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